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Kaspersky researchers find multiple “smart” components of modern cities vulnerable to cyberattacks

September 16, 2016 by Canadian Underwriter

Researchers from cybersecurity company Kaspersky Lab said on Thursday that they have found vulnerabilities and security deficiencies in digital kiosks, interactive terminals and speed cameras that make them susceptible to cyberattacks. Modern cities are complicated ecosystems made up of hundreds

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Sustainability suite of coverages to help clean tech companies rebuild “green” after a loss: Chubb

September 16, 2016 by Canadian Underwriter

Chubb has announced the availability new coverages under its specialized clean tech industry insurance program meant to help firms, including rebuilding “green” in the event of a covered property loss. The Clean Tech Sustainability Suite – available in the United

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XL Catlin enhances professional liability insurance policy form for design professionals

September 16, 2016 by Canadian Underwriter

Addressing the changing professional liability insurance needs of architects, engineers and other design professionals is at the heart of XL Catlin’s enhancements to its Design Professional insurance policy form. One rapid change in the design professional industry reflected in the

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Insurance Institute of Canada launches new catalogue of online courses called CE OnDemand

September 15, 2016 by Canadian Underwriter

The Insurance Institute of Canada (IIC) announced on Thursday that it has launched CE OnDemand, a new catalogue of online courses based on a survey of brokers’ continuing education needs. The IIC said in a press release that CE OnDemand

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Worldwide public cloud services market to grow 17% to US$208.6 billion in 2016: Gartner

September 15, 2016 by Canadian Underwriter

The worldwide public cloud services market is projected to grow 17.2% in 2016 to total US$208.6 billion, up from US$178 billion in 2015, according to Gartner, Inc., a Stamford, Conn.-based information technology research and advisory company. Gartner said in a

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Majority of businesses and economies not ready for digital platforms: Accenture

September 14, 2016 by Canadian Underwriter

The majority of businesses and economies are not ready for digital platforms, according to a new report released on Tuesday by global professional services company Accenture. Accenture’s report Five Ways to Win with Digital Platforms, published in collaboration with the

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AIG Innovation Challenge for Canadian-based startups in Toronto on Dec. 9

September 13, 2016 by Canadian Underwriter

AIG Canada, in partnership with the Consulate General of Canada in San Francisco and Silicon Valley, will be hosting the AIG Innovation Challenge on Dec. 9 in Toronto. AIG Canada will select 10 Canadian-based startups to pitch their products, services

News CatastrophesClimate ChangeInsuranceProfessional DevelopmentReinsurance

Resilience should be a goal of all organizations

September 12, 2016 by Angela Stelmakowich

CALGARY — Darius Delon, chair of the RIMS Canada Council, had a very simple message for those attending the annual conference in Calgary Monday: every organization can be hit by disaster, so every organization needs to be resilient. Scenario brainstorming,

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Commercial insurers in Canada face challenges, opportunities: Kadow

September 12, 2016 Angela Stelmakowich, Editor

CALGARY — Current trends around ownership of brokers by insurers is “basically leaving the mid- to large end of the commercial market to fight over,” Ulrich Kadow, chief agent, Canada for Allianz Global Corporate & Specialty Americas (AGCS), said in

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RIMS CRMP exam now available online

September 9, 2016 by Canadian Underwriter

Risk and Insurance Management Society (RIMS) Inc. announced Friday that members interested in attaining the Certified Risk Management Professional (RIMS-CRMP) designation will soon be able to take the exam online. “Eligible practitioners will be able to take the online exam

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Hub International acquires Ontario brokerage Sarjeant Insurance Brokers, second Canadian acquisition in one day

September 8, 2016 by Canadian Underwriter

Global insurance brokerage Hub International Limited announced on Thursday that it has acquired Barrie, Ont.-based Sarjeant Insurance Brokers Limited. Terms of the acquisitions were not disclosed. Hub has acquired the shares of Sarjeant, which specializes in providing property and casualty

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Hub International acquires New Dimensions Underwriters Ltd.

September 8, 2016 by Canadian Underwriter

Global insurance brokerage Hub International Limited has acquired Edmonton-based New Dimensions Underwriters Ltd. The terms of the acquisition of the managing general agency were not disclosed, notes a statement this week from Chicago-based Hub International, which provides property and casualty,